Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% per year, and are the best medical device stocks to buy now. Learn More.

Industry: Medical Devices

Overview Zen Rating Price Value Growth Financials Momentum

Sentiment Forecast Dividends Due Diligence

Medical Devices is Zen Rated C and is the 73rd ranked industry out of 145 stock market industries

Ticker	Company	Price	Volume	Vol 1d %	SMA 10	SMA 20	SMA 50	SMA 100	SMA 200	RSI	Stochastic %K	Stochastic %D	StochRSI %K	StochRSI %D	MACD	MACD Signal	MACD Histogram	Beta
ELMD	ELECTROMED INC	$42.04	41,600	17.85%	40.66	41.44	40.34	33.76	30.17	55.73	71.11	62.38	95.72	90.61	0.21	0.18	0.03	0.48
LIVN	LIVANOVA PLC	$75.78	818,000	-55.57%	80.52	80.38	79.29	72.42	67.00	40.40	43.75	67.54	33.74	60.74	0.06	0.49	-0.43	0.95
BVS	BIOVENTUS INC	$13.98	1,522,000	-39.79%	13.31	12.58	10.67	10.20	8.98	63.97	74.32	79.21	76.21	89.68	0.92	0.79	0.14	1.18
TCMD	TACTILE SYSTEMS TECHNOLOGY INC	$28.86	182,000	12.35%	28.55	28.53	27.78	26.35	26.43	52.19	78.87	80.02	78.80	86.97	0.29	0.21	0.08	1.08
ANIK	ANIKA THERAPEUTICS INC	$20.16	193,000	103.16%	17.83	16.61	15.56	15.18	12.74	71.40	77.63	82.84	68.80	79.20	1.20	0.72	0.48	0.81
NSYS	NORTECH SYSTEMS INC	$14.32	13,700	124.59%	14.23	14.10	15.26	14.01	11.21	49.12	52.19	47.42	71.60	63.55	-0.20	-0.26	0.07	0.26
VMD	VIEMED HEALTHCARE INC	$9.52	719,000	-13.16%	11.18	11.60	11.10	10.30	8.88	23.61	10.20	17.21	0.00	1.09	-0.29	0.04	-0.33	0.59
GKOS	GLAUKOS CORP	$170.99	575,000	-18.56%	163.70	158.88	141.50	131.68	118.92	73.86	65.51	64.22	94.59	93.35	7.51	6.63	0.87	1.20
CNMD	CONMED CORP	$49.77	409,000	-4.22%	46.83	44.53	38.50	37.63	40.02	67.05	69.73	73.52	57.15	68.44	3.30	2.76	0.54	1.09
BRKR	BRUKER CORP	$51.27	1,876,000	-60.82%	59.07	59.21	58.29	48.51	46.13	38.81	13.35	35.91	8.55	33.11	-0.59	0.74	-1.32	1.13
MDT	MEDTRONIC PLC	$85.92	3,805,000	3.09%	85.77	84.06	81.46	82.22	89.92	58.25	61.18	65.34	50.02	56.92	1.37	1.26	0.11	0.53
SYK	STRYKER CORP	$337.43	1,791,000	-6.28%	339.12	329.65	318.94	321.03	342.52	54.52	65.60	64.73	46.28	45.96	5.56	5.28	0.28	0.79
PHG	KONINKLIJKE PHILIPS NV	$26.33	823,000	-8.96%	26.12	26.44	26.59	26.92	27.82	47.97	76.58	74.15	89.24	83.52	-0.15	-0.18	0.03	0.93
DXCM	DEXCOM INC	$83.02	3,791,000	-31.52%	79.28	76.90	74.18	68.90	68.12	62.02	79.94	87.71	72.87	85.77	3.03	2.03	1.01	1.12
CERS	CERUS CORP	$2.32	2,583,000	-20.69%	2.58	2.84	2.82	2.48	2.25	34.55	16.81	12.35	15.25	8.07	-0.17	-0.07	-0.10	1.76
GMED	GLOBUS MEDICAL INC	$81.08	2,197,000	57.60%	80.04	78.68	79.44	83.45	84.40	54.28	89.74	88.31	86.18	85.65	0.42	-0.07	0.49	0.96
SGHT	SIGHT SCIENCES INC	$7.09	777,000	73.05%	5.50	5.29	5.17	4.69	5.58	78.55	85.94	83.10	95.81	95.73	0.22	0.07	0.15	1.75
IART	INTEGRA LIFESCIENCES HOLDINGS CORP	$17.10	532,000	-9.37%	17.99	18.44	17.79	14.54	13.39	44.29	32.80	34.15	30.24	29.57	-0.09	0.15	-0.25	1.11
SNN	SMITH & NEPHEW PLC	$29.69	1,111,000	-25.59%	31.32	30.90	30.44	31.12	32.62	42.84	16.80	37.62	2.68	23.67	0.10	0.25	-0.14	0.65
STE	STERIS PLC	$231.78	1,340,000	45.34%	228.72	221.34	214.58	216.47	234.41	62.26	88.23	87.26	75.33	75.38	5.47	4.17	1.30	0.73
VREX	VAREX IMAGING CORP	$12.25	302,000	11.44%	11.52	11.12	10.71	10.85	11.66	71.72	94.81	93.25	94.87	98.17	0.40	0.24	0.16	1.11
AXGN	AXOGEN INC	$44.35	519,000	-45.02%	42.80	41.20	42.29	39.75	34.65	58.57	81.36	82.98	84.48	93.16	0.67	0.05	0.62	1.19
ATEC	ALPHATEC HOLDINGS INC	$9.21	3,636,000	-29.22%	9.44	9.12	8.72	9.45	13.48	50.81	71.43	83.11	65.93	82.65	0.24	0.17	0.07	1.18
ALGN	ALIGN TECHNOLOGY INC	$169.08	630,000	-1.25%	172.34	174.58	174.48	174.35	167.56	44.81	33.30	34.25	49.65	50.84	-1.06	-0.68	-0.38	1.55
BWAY	BRAINSWAY LTD	$15.65	120,000	44.58%	15.41	15.45	15.06	15.01	12.55	52.32	42.75	44.66	47.16	49.70	0.09	0.13	-0.04	0.89
PODD	INSULET CORP	$139.30	3,248,000	-54.37%	160.65	161.25	155.06	171.70	228.87	35.95	34.29	51.08	21.60	39.84	-1.59	1.38	-2.97	1.03
NVCR	NOVOCURE LTD	$15.69	943,000	-22.07%	15.96	16.17	16.36	15.04	13.83	47.43	17.98	14.66	24.22	19.72	-0.17	-0.09	-0.08	1.43
ZBH	ZIMMER BIOMET HOLDINGS INC	$97.19	2,235,000	-52.00%	95.34	93.09	89.66	88.97	91.05	60.03	74.10	78.77	73.81	71.66	2.14	1.69	0.46	0.60
EW	EDWARDS LIFESCIENCES CORP	$89.32	1,927,000	-33.60%	86.48	86.87	87.94	84.75	84.00	56.64	86.53	84.85	95.29	95.10	0.01	-0.48	0.49	0.84
LMRI	LUMEXA IMAGING HOLDINGS INC	$11.44	308,000	2.33%	10.93	11.02	10.24	9.88	N/A	57.98	86.97	79.24	98.26	90.00	0.14	0.15	-0.01	1.69
IRTC	IRHYTHM HOLDINGS INC	$128.12	1,198,000	132.62%	120.18	116.14	114.67	116.90	140.62	62.70	89.07	89.11	94.38	92.77	2.70	1.07	1.62	1.23
DCTH	DELCATH SYSTEMS INC	$15.47	2,986,000	589.61%	12.58	12.70	12.21	11.30	10.51	72.81	82.58	77.89	89.18	86.07	0.29	0.09	0.19	0.88
SIBN	SI-BONE INC	$18.14	435,000	-30.29%	17.89	17.54	16.45	14.93	16.06	58.62	63.00	68.28	66.91	71.87	0.48	0.46	0.02	1.12
IRMD	IRADIMED CORP	$91.21	94,000	-36.49%	93.25	94.37	94.33	93.23	93.85	42.19	28.34	27.86	28.63	25.21	-0.82	-0.32	-0.50	0.90
OFIX	ORTHOFIX MEDICAL INC	$10.60	624,000	-47.69%	11.67	11.55	10.49	11.21	12.87	43.63	34.29	54.47	28.85	51.18	0.18	0.33	-0.15	0.97
APYX	APYX MEDICAL CORP	$4.16	88,000	370.59%	4.05	4.12	4.24	3.99	3.84	50.59	66.43	64.42	80.83	84.92	-0.03	-0.05	0.02	1.29
MASS	908 DEVICES INC	$8.30	239,000	-2.05%	7.81	7.69	8.19	7.53	6.98	57.90	76.63	81.03	95.21	98.07	0.04	-0.10	0.15	1.73
AHCO	ADAPTHEALTH CORP	$6.05	10,690,000	7.33%	9.53	10.10	10.06	10.86	10.37	18.57	6.45	20.48	0.00	8.07	-0.72	-0.17	-0.55	0.97
BSX	BOSTON SCIENTIFIC CORP	$49.30	21,394,000	57.77%	46.92	45.32	45.92	53.65	72.19	64.62	87.33	90.03	87.00	92.46	0.68	-0.01	0.69	0.66
BFLY	BUTTERFLY NETWORK INC	$8.30	4,719,000	-18.37%	7.70	7.42	6.84	5.65	4.48	57.91	81.66	81.09	83.15	80.05	0.35	0.23	0.12	2.37
MOVE	CORVEX INC	$12.14	95,000	-66.90%	11.76	12.93	17.13	16.48	13.33	41.70	24.32	19.00	77.28	57.06	-1.58	-1.78	0.20	1.15
ABT	ABBOTT LABORATORIES	$107.96	6,554,000	-24.92%	106.04	101.34	94.82	95.23	107.89	67.91	69.95	73.70	24.30	39.38	3.71	3.51	0.20	0.50
UFPT	UFP TECHNOLOGIES INC	$311.87	153,000	-55.13%	274.51	257.89	247.21	225.26	227.46	68.32	85.10	89.80	81.60	90.22	16.12	8.14	7.98	0.97
KIDS	ORTHOPEDIATRICS CORP	$22.83	366,000	-40.97%	20.57	20.12	19.21	17.95	17.77	73.00	91.01	86.09	100.00	98.88	0.67	0.39	0.28	1.22
CTKB	CYTEK BIOSCIENCES INC	$4.16	1,426,000	43.46%	4.32	4.45	4.31	4.34	4.58	38.54	17.03	19.14	6.39	12.01	-0.04	0.01	-0.05	1.38
MYO	MYOMO INC	$1.31	2,089,000	314.48%	1.04	1.04	1.13	0.96	0.93	64.45	78.37	72.21	96.86	96.30	0.00	-0.02	0.03	1.32
BIO	BIO-RAD LABORATORIES INC	$342.43	267,000	-41.19%	329.92	315.91	303.18	288.96	296.32	70.03	88.89	89.00	83.27	84.98	12.14	9.40	2.73	0.95
MXCT	MAXCYTE INC	$1.11	861,000	73.59%	1.06	1.17	1.19	1.02	1.15	46.72	31.97	24.86	61.08	41.42	-0.04	-0.03	-0.01	1.46
ESTA	ESTABLISHMENT LABS HOLDINGS INC	$79.05	1,152,000	31.96%	91.20	91.20	85.70	75.42	71.49	31.96	30.48	47.77	15.12	20.92	0.76	2.10	-1.34	1.67
SNWV	SANUWAVE HEALTH INC	$6.00	68,000	23.64%	6.16	7.06	10.17	14.07	21.39	32.65	20.65	16.20	63.00	66.02	-1.23	-1.39	0.16	0.89
NPCE	NEUROPACE INC	$13.90	287,000	4.74%	14.09	15.01	15.71	15.60	15.16	41.16	32.81	26.89	63.13	46.78	-0.67	-0.55	-0.12	0.96
INMD	INMODE LTD	$15.12	492,000	20.88%	15.25	15.26	14.48	14.22	14.36	52.70	41.05	48.27	14.65	21.77	0.18	0.24	-0.06	1.58
AORT	ARTIVION INC	$26.57	900,000	13.64%	26.76	25.72	23.41	28.28	35.59	57.30	54.05	64.43	15.64	34.63	0.87	0.86	0.01	1.00
PROF	PROFOUND MEDICAL CORP	$7.94	86,000	-13.13%	7.62	7.28	6.97	6.74	6.81	63.65	78.49	82.30	72.89	86.71	0.29	0.19	0.10	1.05
INGN	INOGEN INC	$6.49	276,000	2.99%	6.49	6.48	6.47	6.54	6.63	49.39	66.26	73.98	63.85	79.09	0.02	-0.00	0.02	1.16
LUNG	PULMONX CORP	$2.05	806,000	47.62%	1.63	1.51	1.46	1.41	1.62	71.06	86.32	87.46	85.58	91.15	0.15	0.06	0.09	1.46
PEN	PENUMBRA INC	$324.86	258,000	-8.83%	321.47	319.62	318.76	324.07	317.05	67.47	92.70	90.75	92.24	95.18	1.34	0.60	0.74	0.99
CV	CAPSOVISION INC	$6.90	69,600	-49.93%	6.74	6.63	6.79	6.73	6.66	53.33	54.77	64.53	49.82	59.72	0.05	0.00	0.04	0.94
TNDM	TANDEM DIABETES CARE INC	$18.79	3,689,000	10.12%	18.78	17.66	16.89	18.04	19.11	58.06	73.57	83.99	62.42	83.49	0.90	0.69	0.21	1.37
INSP	INSPIRE MEDICAL SYSTEMS INC	$58.89	549,000	-62.09%	53.87	52.53	47.16	49.21	68.38	63.48	71.30	71.82	67.85	62.11	2.84	2.03	0.81	1.28
CBLL	CERIBELL INC	$18.25	174,000	-0.57%	17.93	18.21	18.51	18.83	18.59	49.41	72.20	62.51	93.27	90.36	-0.19	-0.26	0.07	1.47
RCEL	AVITA MEDICAL INC	$4.75	365,000	115.98%	4.58	4.62	4.40	4.37	4.16	54.38	29.98	28.49	29.48	26.29	0.04	0.07	-0.03	1.45
HYPR	HYPERFINE INC	$0.98	357,000	-46.80%	0.95	0.98	1.24	1.31	1.20	40.85	67.06	62.43	87.31	93.65	-0.08	-0.10	0.02	1.37
SI	SHOULDER INNOVATIONS INC	$22.43	40,400	-26.55%	22.54	21.89	19.61	16.91	15.37	56.32	60.24	60.33	37.47	38.74	0.83	0.91	-0.08	0.45
QTRX	QUANTERIX CORP	$3.83	245,000	-36.20%	3.62	3.79	3.64	3.50	4.90	53.24	52.75	41.55	82.32	64.38	-0.02	-0.00	-0.01	1.90
ECOR	ELECTROCORE INC	$6.70	198,000	661.54%	6.23	6.22	7.75	7.09	6.40	50.60	66.46	52.32	100.00	91.30	-0.29	-0.42	0.12	0.86
ALMR	ALAMAR BIOSCIENCES INC	$28.10	245,000	22.50%	26.04	26.02	24.09	N/A	N/A	62.33	83.05	78.86	97.18	92.38	0.71	0.49	0.23	0.81
SSII	SS INNOVATIONS INTERNATIONAL INC	$3.71	14,000	-87.16%	3.85	3.74	3.70	4.08	4.92	48.10	55.56	64.18	51.11	68.17	0.04	0.04	0.01	0.34
HSDT	SOLANA CO	$1.68	35,200	-75.89%	1.67	1.70	1.67	1.88	2.68	48.34	33.33	29.95	45.03	38.83	-0.01	-0.01	0.00	1.39
QDEL	QUIDELORTHO CORP	$16.32	2,429,000	103.95%	16.85	17.12	15.64	14.64	20.65	47.71	54.43	57.02	49.12	59.73	0.32	0.43	-0.12	1.13
TLSI	TRISALUS LIFE SCIENCES INC	$4.87	203,000	-29.76%	4.53	4.38	4.08	4.06	4.78	64.95	82.12	84.89	85.66	89.36	0.17	0.13	0.04	0.27
TMCI	TREACE MEDICAL CONCEPTS INC	$4.38	610,000	-10.69%	4.34	4.32	4.11	2.99	3.01	52.72	77.56	81.84	78.79	90.73	0.13	0.11	0.02	1.34
MOBI	MOBIA MEDICAL INC	$12.32	53,400	-34.07%	11.33	11.53	12.56	N/A	N/A	54.68	82.47	65.54	100.00	95.39	-0.24	-0.41	0.17	-0.03
NUWE	NUWELLIS INC	$1.63	544,000	-48.73%	2.09	2.49	6.08	22.13	51.98	34.41	7.81	7.23	56.49	55.42	-1.41	-1.79	0.38	1.22
WOK	WORK MEDICAL TECHNOLOGY GROUP LTD	$2.07	50,300	-42.84%	1.99	1.99	4.36	65.30	7,900.00	40.15	79.17	78.23	91.62	96.67	-2.99	-4.34	1.35	1.04
CVRX	CVRX INC	$5.94	286,000	65.32%	5.26	5.19	5.27	6.42	7.25	62.54	85.75	73.92	99.57	96.43	0.06	-0.05	0.11	1.53
AEMD	AETHLON MEDICAL INC	$3.02	70,000	-53.64%	3.05	3.14	6.10	8.59	12.24	34.61	56.74	63.58	83.13	92.35	-0.67	-0.93	0.25	1.05
CODX	CO-DIAGNOSTICS INC	$1.42	752,000	401.33%	1.60	2.02	3.46	2.74	4.87	28.91	9.15	8.85	33.58	31.93	-0.46	-0.46	-0.01	1.47
NNOX	NANO-X IMAGING LTD	$1.02	852,000	-17.36%	0.97	1.01	1.36	1.73	2.41	43.84	54.55	59.26	77.27	85.94	-0.09	-0.12	0.03	1.83
BBNX	BETA BIONICS INC	$14.11	590,000	-34.23%	14.59	15.78	15.02	12.82	17.43	42.59	26.00	20.66	33.22	25.59	-0.42	-0.06	-0.36	1.70
LUCD	LUCID DIAGNOSTICS INC	$0.95	892,000	-62.46%	0.93	0.96	1.00	1.07	1.13	48.03	54.32	41.14	86.60	71.48	-0.02	-0.02	0.01	0.84
OM	OUTSET MEDICAL INC	$5.20	154,000	62.11%	4.76	4.53	4.59	4.32	5.04	61.77	94.08	92.35	94.49	93.80	0.16	0.06	0.10	1.51
PACB	PACIFIC BIOSCIENCES OF CALIFORNIA INC	$1.17	14,414,000	25.20%	1.37	1.41	1.46	1.44	1.70	32.93	23.15	34.66	25.13	43.73	-0.05	-0.03	-0.02	2.42
RXST	RXSIGHT INC	$6.08	1,340,000	48.39%	6.00	5.65	5.31	5.99	7.81	58.58	83.76	88.15	85.35	91.88	0.25	0.18	0.07	1.26
PMI	PICARD MEDICAL INC	$3.54	88,000	-45.00%	4.30	5.42	7.97	21.24	73.26	30.53	1.98	7.20	7.56	20.22	-1.35	-1.41	0.05	1.08
BJDX	BLUEJAY DIAGNOSTICS INC	$1.15	3,043,000	-96.61%	1.01	1.14	2.39	2.14	3.22	42.30	37.15	27.93	87.91	69.99	-0.30	-0.38	0.08	0.65
MDAI	SPECTRAL AI INC	$1.66	193,000	-10.23%	1.60	1.64	1.77	1.83	1.73	48.67	71.61	61.08	96.95	93.67	-0.04	-0.06	0.01	0.49
TMDX	TRANSMEDICS GROUP INC	$80.21	1,098,000	-62.77%	77.25	75.47	73.19	84.91	108.42	58.69	72.62	76.43	65.68	76.22	1.59	0.96	0.63	1.59
CATX	PERSPECTIVE THERAPEUTICS INC	$2.97	501,000	-65.54%	2.93	2.97	3.16	3.68	3.50	46.03	57.85	56.56	84.48	84.84	-0.07	-0.09	0.02	1.21
ICCM	ICECURE MEDICAL LTD	$3.08	89,000	24.48%	2.96	3.23	4.22	7.33	13.66	41.48	46.21	34.15	92.91	68.27	-0.45	-0.53	0.08	0.66
LNSR	LENSAR INC	$5.74	21,700	45.64%	5.43	5.60	5.75	5.79	8.70	52.70	80.53	62.62	96.65	81.95	-0.08	-0.11	0.03	0.47
RPID	RAPID MICRO BIOSYSTEMS INC	$2.08	70,000	135.69%	2.07	2.07	1.91	2.12	2.92	55.73	46.94	49.38	38.41	39.96	0.05	0.05	0.00	1.26
PRCT	PROCEPT BIOROBOTICS CORP	$20.03	2,255,000	-58.68%	18.30	18.75	21.93	23.65	27.25	52.80	80.86	66.09	96.01	94.14	-0.76	-1.15	0.39	1.23
SENS	SENSEONICS HOLDINGS INC	$5.15	547,000	16.14%	5.07	5.08	5.86	6.09	6.45	45.60	69.74	72.20	79.39	88.83	-0.15	-0.23	0.08	1.89
STEX	STREAMEX CORP	$0.72	605,000	21.49%	0.73	0.77	0.92	1.03	2.27	42.03	44.79	46.76	72.79	80.89	-0.05	-0.06	0.01	1.26
CLPT	CLEARPOINT NEURO INC	$13.39	616,000	-1.75%	14.17	14.88	15.29	12.95	13.99	39.49	26.16	34.17	14.27	38.35	-0.60	-0.38	-0.22	1.85
CNSY	CERENOME INC	$3.86	45,600	-26.45%	3.77	3.86	4.43	5.10	8.18	46.31	69.88	56.32	91.62	77.03	-0.16	-0.22	0.06	0.73
NVNO	ENVVENO MEDICAL CORP	$10.15	134,000	9,471.43%	10.62	10.63	10.65	10.77	12.33	43.41	55.93	64.08	65.02	79.96	-0.01	-0.02	0.01	1.05
ELUT	ELUTIA INC	$0.88	13,000	-66.67%	0.89	0.92	0.97	1.03	0.94	42.01	34.21	31.70	26.92	19.51	-0.03	-0.02	-0.00	0.30
SINT	SINTX TECHNOLOGIES INC	$1.63	18,800	-43.03%	1.61	1.59	1.86	2.17	2.78	46.42	59.41	71.10	81.62	88.27	-0.05	-0.09	0.04	1.49

Medical Device Stocks FAQ

What are the best medical device stocks to buy right now in Aug 2026?

According to Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best medical equipment stocks to buy right now are:

1. Electromed (NYSEMKT:ELMD)

Electromed (NYSEMKT:ELMD) is the #1 top medical device stock out of 135 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Electromed (NYSEMKT:ELMD) is: Value: C, Growth: C, Momentum: B, Sentiment: A, Safety: B, Financials: A, and AI: C.

Electromed (NYSEMKT:ELMD) has a Due Diligence Score of 52, which is 22 points higher than the medical device industry average of 30.

ELMD passed 18 out of 33 due diligence checks and has strong fundamentals. Electromed has seen its stock return 128.11% over the past year, overperforming other medical device stocks by 228 percentage points.

Electromed has an average 1 year price target of $38.00, a downside of -9.61% from Electromed's current stock price of $42.04.

Electromed stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Electromed, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Livanova (NASDAQ:LIVN)

Livanova (NASDAQ:LIVN) is the #2 top medical device stock out of 135 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Livanova (NASDAQ:LIVN) is: Value: B, Growth: B, Momentum: C, Sentiment: B, Safety: A, Financials: B, and AI: C.

Livanova (NASDAQ:LIVN) has a Due Diligence Score of 41, which is 11 points higher than the medical device industry average of 30.

LIVN passed 13 out of 33 due diligence checks and has strong fundamentals. Livanova has seen its stock return 60.01% over the past year, overperforming other medical device stocks by 159 percentage points.

Livanova has an average 1 year price target of $85.50, an upside of 12.83% from Livanova's current stock price of $75.78.

Livanova stock has a consensus Buy recommendation according to Wall Street analysts. Of the 6 analysts covering Livanova, 16.67% have issued a Strong Buy rating, 50% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Bioventus (NASDAQ:BVS)

Bioventus (NASDAQ:BVS) is the #3 top medical device stock out of 135 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year. Learn more.

The Component Grade breakdown for Bioventus (NASDAQ:BVS) is: Value: B, Growth: B, Momentum: B, Sentiment: C, Safety: B, Financials: A, and AI: C.

Bioventus (NASDAQ:BVS) has a Due Diligence Score of 44, which is 14 points higher than the medical device industry average of 30.

BVS passed 14 out of 33 due diligence checks and has strong fundamentals. Bioventus has seen its stock return 91.77% over the past year, overperforming other medical device stocks by 191 percentage points.

Bioventus has an average 1 year price target of $15.00, an upside of 7.3% from Bioventus's current stock price of $13.98.

Bioventus stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 3 analysts covering Bioventus, 33.33% have issued a Strong Buy rating, 66.67% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the medical device stocks with highest dividends?

Out of 9 medical device stocks that have issued dividends in the past year, the 3 medical device stocks with the highest dividend yields are:

1. Koninklijke Philips Nv (NYSE:PHG)

Koninklijke Philips Nv (NYSE:PHG) has an annual dividend yield of 3.85%, which is 2 percentage points higher than the medical device industry average of 1.54%. Koninklijke Philips Nv's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Koninklijke Philips Nv's dividend has shown consistent growth over the last 10 years.

Koninklijke Philips Nv's dividend payout ratio of -109.6% indicates that its high dividend yield might not be sustainable for the long-term.

2. Smith & Nephew (NYSE:SNN)

Smith & Nephew (NYSE:SNN) has an annual dividend yield of 2.59%, which is 1 percentage points higher than the medical device industry average of 1.54%. Smith & Nephew's dividend payout is not stable, having dropped more than 10% nine times in the last 10 years. Smith & Nephew's dividend has shown consistent growth over the last 10 years.

Smith & Nephew's dividend payout ratio of 51.9% indicates that its dividend yield is sustainable for the long-term.

3. Abbott Laboratories (NYSE:ABT)

Abbott Laboratories (NYSE:ABT) has an annual dividend yield of 2.3%, which is 1 percentage points higher than the medical device industry average of 1.54%. Abbott Laboratories's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Abbott Laboratories's dividend has shown consistent growth over the last 10 years.

Abbott Laboratories's dividend payout ratio of 80% indicates that its dividend yield is sustainable for the long-term.

Why are medical device stocks down?

Medical device stocks were down -0.48% in the last day, and up 2.36% over the last week. Establishment Labs Holdings was the among the top losers in the medical devices industry, dropping -13.37% yesterday.

Establishment Labs Holdings shares are trading lower after the company reported mixed Q2 financial results.

What are the most undervalued medical device stocks?

Based on the Valuation rating, one of the 7 components of a stocks overall Zen Ratings grade, which evaluates factors including estimated earnings yield, earnings before interest and taxes/enterprise value, cash flow yield, free cash flow to price, and price-to-earnings growth (PEG ratio), the 3 most undervalued medical device stocks right now are:

1. Inmode (NASDAQ:INMD)

Inmode (NASDAQ:INMD) is the most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Inmode has a valuation score of 71, which is 58 points higher than the medical device industry average of 13. It passed 5 out of 7 valuation due diligence checks.

Inmode's stock has gained 8.15% in the past year. It has overperformed other stocks in the medical device industry by 108 percentage points.

2. Conmed (NYSE:CNMD)

Conmed (NYSE:CNMD) is the second most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Conmed has a valuation score of 29, which is 16 points higher than the medical device industry average of 13. It passed 2 out of 7 valuation due diligence checks.

Conmed's stock has dropped -2.53% in the past year. It has overperformed other stocks in the medical device industry by 97 percentage points.

3. Koninklijke Philips Nv (NYSE:PHG)

Koninklijke Philips Nv (NYSE:PHG) is the third most undervalued medical device stock based on its Valuation Rating of A. Valuation is one of 7 Component Grades used to calculate the overall Zen Rating.

Koninklijke Philips Nv has a valuation score of 14, which is 1 points higher than the medical device industry average of 13. It passed 1 out of 7 valuation due diligence checks.

Koninklijke Philips Nv's stock has gained 0.5% in the past year. It has overperformed other stocks in the medical device industry by 100 percentage points.

Are medical device stocks a good buy now?

64.36% of medical device stocks rated by analysts are a strong buy right now. On average, analysts expect medical device stocks to rise by 28.09% over the next year.

6.19% of medical device stocks have a Zen Rating of A (Strong Buy), 17.53% of medical device stocks are rated B (Buy), 53.61% are rated C (Hold), 19.59% are rated D (Sell), and 3.09% are rated F (Strong Sell).

What is the average p/e ratio of the medical devices industry?

The average P/E ratio of the medical devices industry is 25.1x.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.

Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Electromed (NYSEMKT:ELMD)

2. Livanova (NASDAQ:LIVN)

3. Bioventus (NASDAQ:BVS)

1. Koninklijke Philips Nv (NYSE:PHG)

2. Smith & Nephew (NYSE:SNN)

3. Abbott Laboratories (NYSE:ABT)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Koninklijke Philips Nv (NYSE:PHG)

Company

Stock Tools

Stock Ideas

Sectors & IndustriesHealthcareMedical DevicesBest Medical Device Stocks to Buy Now (2026)Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% per year, and are the best medical device stocks to buy now. Learn More.

Medical Device Stocks FAQ

1. Electromed (NYSEMKT:ELMD)

2. Livanova (NASDAQ:LIVN)

3. Bioventus (NASDAQ:BVS)

1. Koninklijke Philips Nv (NYSE:PHG)

2. Smith & Nephew (NYSE:SNN)

3. Abbott Laboratories (NYSE:ABT)

1. Inmode (NASDAQ:INMD)

2. Conmed (NYSE:CNMD)

3. Koninklijke Philips Nv (NYSE:PHG)

Company

Stock Tools

Stock Ideas

Sectors & Industries HealthcareMedical Devices
Best Medical Device Stocks to Buy Now (2026)
Top medical device stocks in 2026 ranked by overall Zen Rating. "A" Rated stocks have returned an average of +28.50% per year, and are the best medical device stocks to buy now. Learn More.